5.13 Wednesday. Strong support—pullbacks should keep getting chased for buys.



Overnight, Bitcoin continued to dip, sliding all the way to the prior top-bottom conversion zone near 79,800, then reversed again. It has now returned to around 80,500. Yesterday, after providing a dip-buying long idea, the market still moved beyond expectations. Now it has once again produced a rebound—showing that support underneath is strong. The downside is hard to extend; pullbacks continue to be opportunities to buy, step by step.

On the daily timeframe, the trend looks favorable. Moving averages form an upward support structure, and indicators are gradually repairing and warming up. Bullish momentum continues to build. The short-term price action has broken through near-term pressure, stabilizing at key support levels, and bullish trend signals are becoming increasingly clear. There is reasonable room for upside above, while support below is solid. There is no obvious risk of a near-term pullback, and the technicals are overall strongly biased to the long side.

Wednesday morning personal view on the dip: buy in the 80,100-79,600 area, targeting the 81,500-83,000 range. Strictly control position sizing. For upward movement, first look at the recent short-term resistance levels; once broken smoothly, follow the trend and look toward higher target zones. Price action is steady, and trend-following trades are the main focus—steadily capturing the intraday upside rhythm. $BTC
BTC-0.08%
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